Weekly and Monthly Charts

As we all know in market- stocks/ index generally follow the long term charts 

example-

Hourly follows Daily chart

Daily follows Weekly chart

Weekly follows Monthly chart

Monthly follows Quarterly charts

In most free charts only upto monthly charts are available.

Lets see some charts for Indian stocks and Indexes in weekly and monthly charts with NK Sirs Hilega Milega indicator and MANSFIELD-RS indicator with 9SMA, 30SMA AND 200 EMA.FOR STRONG STOCKS to detect PREVIOUS buy signals in hindside. Please try to stick to high volume stocks for better result. minimum volume 100,000.daily.

 

Best BUY signal comes in strong stocks when hilega-milega(HM) superior and RS little slow but stronger than index -both gives buy signal.

So best signal in long term charts -weekly and monthly charts with increase volume is a strong signal to BUY for long term.

Price above 9SMA is a BUY signal for strong stocks and 9SMA above 30 SMA is a very good signal,and both Above 200 EMA.

In RS - Red line going above 0 line, and turning green after staying near 0 line for few weeks or months in red zone is a good signal to buy. 

 

HM is a good signal to BUY as RED line becomes base line, and black and green line comes above red line. and all above 50line is strong buy signal. but signal starts from above 40 line for strong stock, never buy if red line is above, and black and green line below red line.

 Lets see where monthly and weekly charts gave good buy signals in the past , can use the same signals in future also for strong charts -will looks for same signals on all strong charts HM and RS.

 

There are many technical indicators leading or lagging, very important is to stick to as less indicators as possible and stick for very long term, and understand their behaviour , As they say GO DEEP IN FEW 🡻🡇🠟🠳⮯⮮🠋, and dont go broad ˂˃🠞🠜🠆🠄🠈🠊↔. and  

As many indicators create confusion.

Even in one or two indicator it is confusing and it takes time to build conviction. It comes with years or repeated practise.

Good buy signal came near or around the arrow mark in monthly chart. 

There is a tendency among stocks to respect different moving averages, some respect 5MA-20 MA-55MA-200MA, 9MA-30MA-55MA-100MA, Like human beings, every stock has has own characteristics and respect MA-(moving average) accordingly.

 

 

 

 

 

 Sometimes, indicator gives signal before PRICE does, in the below example.

 HM shows the quick/fast movement, and generally RS shows the more sustainable movement with increase in volume.

Dabur -starts looking good- recently-

 

 In Marico below RS is still not convinced, but signal from price and NK

After looking at monthly chart and weekly chart, try to enter in daily chart.

It is very easy and good to find good bullish monthly charts on hindside, for this bull market starting from mid 2020...

Real test is to take buy entry in live market.and see the price go down after I buy for sometime. after confirming with how much ever best price, HM,RS chart structure.

Main thing is to remove/ignore the fear of Volatility-in very short term after the BUY is done.  

More and more charts we see, more conviction can be built with chart/price structure.

Challene is to find good/ convincing chart structure in flat market to find real strong stocks.